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The principal iron ore is found in the Negaunee Iron formation. This formation is 2,500 feet (760 m) thick near Negaunee. This is a magnetite or hematite chert. Natural ore deposits are located in synclines and up against mafic dikes.
Magnetite crystals with a cubic habit are rare but have been found at Balmat, St. Lawrence County, New York, [47] [48] and at Långban, Sweden. [49] This habit may be a result of crystallization in the presence of cations such as zinc. [50] Magnetite can also be found in fossils due to biomineralization and are referred to as magnetofossils. [51]
As of 2019, magnetite iron ore is mined in Minnesota and Michigan in the United States, eastern Canada, and northern Sweden. [8] Magnetite-bearing banded iron formation is mined extensively in Brazil as of 2019, which exports significant quantities to Asia , and there is a nascent and large magnetite iron ore industry in Australia .
The process by which lodestone is created has long been an open question in geology. Only a small amount of the magnetite on the Earth is found magnetized as lodestone. Ordinary magnetite is attracted to a magnetic field as iron and steel are, but does not tend to become magnetized itself; it has too low a magnetic coercivity.
The ore body at Benson Mine is composed of magnetite and non-magnetite ore. The average percentage of iron in both magnetite and non-magnetite ore was about 23%, less than the 40% at Chateauguay. Iron-ore deposits that contained 50% or more iron were depleted in the United States by the mid-1940s.
Horizons containing magnetite as the dominant mineral have been extensively mined since 1955 to produce iron ore pellets; the term 'taconite' has consequently been colloquially adapted to describe the magnetite iron-formation ores (taconite iron ore), the mining, milling, magnetic separation, and agglomerating process (taconite process), and ...
Many companies have mined the area over the last century, including the Diamond Jo Quarry. [4] The complex has developed a unique soil series, Magnet, which has several inches of dark reddish brown loam over reddish brown clay or clay loam. The Magnet is present only over 5000 acres at the complex and a small outlier at Potash Sulphur Springs. [5]
The Buena Vista Mine is located 21 miles (34 km) southeast of Lovelock, Nevada. In the past, the area has been known as the Mineral Basin (discovered in 1880), though another name for the area has been the Buena Vista District.